While the price is below the resistance 1920.00, continuation of downtrend is expected.
We make sure when the support at 1747.50 breaks.
If the resistance at 1920.00 is broken, the short-term forecast -continuation of downtrend- will be invalid.
The taking shape and as a suggests we will soon see another leg higher if price breaks and closes above downtrend.
While the resistance #1 at 51 is not broken, the probability of price increase would be too low.
A trough is formed in at 1846.50 on 09/28/2020, so more gains to resistance(s) 1909.00 and maximum to Major Resistance (1920.00) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 46.
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